Finance news sponsored by SBTech

With the company posting a 4% increase in total net revenue for 2009, William Hill said Wednesday that it has begun the search for a new Chairman following the announcement that Charles Scott will be standing down at the end of this year, after six years at the helm.

As the company positions itself for further international growth with the acquisition of its white label partner in South Africa, IG Group Holdings plc has reported a 14% increase in trading revenue to £143.8 million for the six month period ended November 30th, with strong growth in overseas markets including Australia, France and Italy.

French gaming operator FDJ has said that the occurrence of three Friday the 13th's in 2009 helped it to generate an additional €200 million in revenues, which coupled with a broader gaming offering, saw the company achieve total revenues of €9.99 billion, an 8.6% increase on the previous year.

Despite poor trading results during the first half of the year, 32Red plc has reported gaming revenues of £12.8 million for 2009, a slight decline of 2% on the previous year, after a second half recovery led by the company's flagship online casino product.

Posting the company's twelfth consecutive year of growth, French betting operator PMU has recorded a marginal increase in turnover to €9.30 billion for 2009, following a strong performance from its online offering which helped to offset a decline in land-based revenues.

With neighbouring Pennsylvania and Delaware stepping up competition after both states recently passed legislation to allow table games, the New Jersey Casino Control Commission has reported a 13% drop in Atlantic City casino revenues to US$3.9 billion in 2009, the worst financial returns for the east coast gambling city since 1997.

Benefiting from the expansion of its casinos business, Rank Group plc said Friday that revenues for the 52 week period ended December 27th had increased by 3% despite revenues from the company's online gaming division, Rank Interactive, falling 4% year-on-year, making it the only business segment to record a fall in revenue during the year.

One year on from the introduction of the Germany State Treaty on Gambling, the German Lotto and Toto Block (DTLB), a union of the country's 16 national lottery operators, has revealed that the amount spent on lottery games and sports betting products increased by 2.9% to €6.72 billion during 2009, despite the economic crisis impacting customer spend.

Looking to pursue future business development opportunities, New Football Pools operator Sportech plc has agreed a revised £90.75 million banking facility with its lending bank, Lloyds Banking Group, providing the company with the flexibility to develop its own business as well as providing for any future acquisition opportunities.

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